How significant are the findings from Medicare actuary Richard Foster that the new health care reform law will expand insurance to 34 million people but actually raise health care spending by about 1 percent before potentially saving money after the first decade? Is this a problem, and was it unexpected?
Foster also forecast that reductions in Medicare spending could force 15 percent of hospitals into the red, and send up to 50 percent of seniors who get their health care through Medicare Advantage plans back into the program's traditional fee-for-service coverage. The projections don't account for the law's tax on high-cost health care plans.
What could Washington or states do to achieve quicker savings?